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20130110
20130110
Search Results 0 to 14 of about 15 (some duplicates have been removed)
this idea. the trillion dollar coin to handle the debt ceiling. well, today we will tell you where it all started and whether or not it is really something president obama might use. they won't rule it out important some reason. and back to the future. the gun debate of 1994 had many lessons for the fight unfolding today. what can president obama learn from president clinton's success? good morning from washington. thursday, january 10, 2013. this is "the daily run-down." i'm chuck todd. let's get to my first read of the morning. this afternoon president obama will formally name his chief of staff, jack lew, to replace treasury secretary tim geithner. a sign the white house expects a big fight over the federal budget lew is the safe pick. he has been confirmed twice by the senate before. just in this administration. if confirmed in time, he can face his first test next month over the debt ceiling. lew is a walk among walks. described in one profile by the huffington post. quote, as harry potter grew up and replaced his magic wand with excel spread sheets. if confirmed lew will be the high
coin to raise the debt ceiling probably wouldn't bode well for the totality of those negotiations. >> i would say minting a coin, it definitely is sort of gimmicky or silly and so is using the debt ceiling as a hostage taking technique so glad that they haven't totally ruled that out yet and use it maybe as leverage in this upcoming fight. jake, thanks so much for joining us. >> thanks, guys. >>> up next, the white house calling in the big guns to get on its message on gun control. a busy thursday at 1600 pennsylvania avenue and we have it covers here. [ female announcer ] research suggests cell health plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car repla
of creating a $1 trillion platinum coin to swoop in and somehow save america from a debt ceiling crisis. his answer, well, it's not yes, but shockingly, it's not a no either. please take a listen. >> you can speculate about a lot of things, but there is -- nothing needs to come to these kinds of, you know, speculative notions about how to deal with a problem that is easily resolved by congress doing its job. >> all right. well, congress should do its job, that was kind of a non-denial denial from jay carney. does this mean there's a trillion dollar platinum coin on the table. our ace political panel, karen finney, guy benson, mark simone. you wrote about this. this is the worst idea i have ever seen. this is a third world banana republic idea that will destroy our currency, credit rating and make us the laughing stock of the world. >> no, larry, you got this all wrong. i have a little bit of a take on this. i'm all for this coin. as a matter of fact, look, we already have washington politicians engaged in the theater of the absurd when it comes to our debt problems, so why not go the full mo
's so crazy about minting a $1 trillion coin to head off another debt ceiling fight? i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! >>> a 16-year-old student is in critical condition after yet another school shooting. it happened today at a high school in taft, california. police say a student at the school entered a classroom with a shotgun, shot one student, but missed another. the teacher and other adults talked to him, and at one point, he put down the gun, the gun was then taken into custody, so was the student. fortunately, it happened -- fortunately, it could have been so much worse than it actually turned out to be. but we'll stay on top of this story for you as well. >>> at the same time, the vice president joe biden says his gun task force created after the connecticut school massacre will make specific recommendations on tuesday. >> biden held another white house meeting today. this one including a representative of the national rifle association. c
idea is gaining momentum. minting a trillion dollar coin to avert a debt ceiling crisis. >>> plus, a shortage of the medicine used to treat some of the most vulnerable flu victims. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. she can't always move the way she wants. now you can with new stayfree ultra thins. flexible layers move with your body, while thermocontrol wicks moisture away. keep moving. new stayfree. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progress
trillion-dollar coin proposal to solve the debt ceiling issue? farfetched? but maybe the platinum proposal should not be taking people by surprise. >> so the republicans are clearly in a strong position, but the president might have a trick up his sleeve. >> is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and now even a congressman are suggesting a 1 trillion-dollar platinum coin could be minted and the government could use that to pay the debt, avoid default and preempt the debt ceiling crisis. >> we should have known a coin was obama's solution to everything. it was right there in his slogan. change. [ laughter ] >> bret: so clever. thanks for inviting us into your home tonight. that is it for this "special report." fair balanced and unafraid. it t. is webs so "special report" online starts in 5 seconds. >> this is the fox report. tonight disturbing self-photographs of the movie massacre suspect. disturbing pictures they say they found on his phone. plus a crowded ferry slams into a pier. commuters tossed about by the dozens hurt. >
on the second amendment." ahead of the debt ceiling deadline talk of minting a trillion dollar coin to pay it off. america's debt, well, it's getting some momentum. it may seem far fetched, but it's legal thanks to a law co-authored in 1995 by gop congressman mike has el. the law says the secretary may mint a platinum bullion coins and proof of platinum coins in accordance with such specifications. the inscriptions as the secretary, in the secretary discretion, may prescribe from time to time, but when nbc's chuck todd asked press secretary jay carney about it, he didn't rule it out. >> there is no plan b. there is no back-up plan. this is an option. >> i think the only option here that there is no backup plan. the only option is for congress to do its job. >> would you totally rule it out? >> you can speculate about a lot of things. >> all right. we'll have to wait on that coin. that's going to wrap things up for me. joining me tomorrow florida congressman bow biden, and gray davidon, grayson, and -- don't go anywhere. alex wagner coming up next. what's up? >> we are going to talk ins and
of the debt ceiling debate the trillion dollar coin is being tossed around as a way to avoid any standoff between the two sides. the idea is that the treasury company mint the coin, deposit it at the federal reserve so that the government can pay its bills, but noted economist jim grant thinks it's a bad idea. does have his own solutions to this looming crisis. jim grant joins us from grant interest rate observer. great to see you. happy new year. thanks for joining us once again. you don't think this trillion dollar coin is the answer. >> that is an urban legend. >> yeah. >> okay. what we need to do i think, first of all, is to speak clearly about this problem we this, this debt problem. for example, secretary of the treasury is not the secretary of the treasury. it is secretary of the debt. there are being no net treasurer in the treasury so we must be clear about that. we use the word trillion. $1 trillion is a million million. $1 trillion is an incomprehensible number we throw around and it numbs us, and we must speak of it in a weight. so $1 trillion is 22 million pounds of 100 bills
with a way to avoided hitting the debt ceiling, the idea is that basically we could mint a trillion dollar coin and give it to treasury and they could tuesday to pay off our -- to cover our debt obligations and then we wouldn't need to worry about the debt ceiling anymore. it sounds absurd and there's a lot of people who are hoping that the life-span of the story goes on for awhile because it is ridiculous. but it turns out that there is an obscure 1990s law that does, in fact, allow the treasury department to do this. so it is not completely made up. but it is -- the idea that this is how it would take care of our debt obligations with a coin, is pretty -- i mean what next? >> bill: isn't this sort of like inflation? you know. like when you read about these countries at one time that would have -- it would cost you a trillion dollars to get a coke or something like that. when their money went -- isn't that what happens? >> i was reading about this. before i was reporting on it and it appears it wouldn't have much of an effect on inflation because you are technically paying off debt obliga
showing little progress on next month's debt ceiling deadline, a far-fetched solution is getting more mainstream. we're talking about the $1 trillion coin. supporters including some lawmakers and nobel laureate paul krugman say the treasury department has the power to mint the supercoin which in turn would be used to raise the debt ceiling. and white house press secretary jay carney added some fuel to the fire when he refused to rule it out. >> do you believe you have a power to mint -- >> there is no plan "b." there is no backup plan. there is congress' responsibility to pay the bills of the united states. >> that's a little evasive in your answer. but i say -- are you narrowing the lead -- are you trying to leave room or not? >> there's no substitute for congress extending the borrowing authority of the united states. >> do you believe this is an option, and viable? >> i think there's the only option there. there is no backup plan. the only option is for congress to do its job. >> let's bring in nbc analyst and former communications editor karen finney. and also chip saltzman. good
the debt ceiling debate on capitol hill. a trillion dollar platinum coin? this was mentioned by a new york times economist. a loophole could have the coins that could be deposited to pay the nation's bills. the white house says they are not taking it seriously. nice idea though. >> wish i had one. it is 8:27 right now. it's a thursday morning and still ahead at 8:00, shut out the baseball hall of fame decides not to induct any players. why everyone struck out. >> dc's mayor says there's some talk about the redskins moving back into the district. that comes with a catch about the team's name. we'll be right back. >>> defense secretary is welcome being to the pentagon in about an hour and a half. then meeting secretary of state hillary clinton and have dinner at the state's apartment tonight. sits down with president obama tomorrow at the white house. talking about how many u.s. troops will stay in afghanistan. >> a u.s. drone in pakistan killed five suspected militants overnight. happened in the northwest tribal area which is a main hide out. the missile attack is the 7th one in the last co
Search Results 0 to 14 of about 15 (some duplicates have been removed)

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